8-50 - a Corner Brook Furniture Co Production Budget For...

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a. Corner Brook Furniture Co. Production Budget For the 1st Quarter of 2014 In units January February March Total Budget Sales 6,400 5,200 7,400 19,000 Ending Inventory (20%) 1,040 1,480 1,600 1,600 Inventory Needed 7,440 6,680 9,000 20,600 Beginning Inventory (1,220) (1,040) (1,480) (1,220) Need to Produce 6,220 5,640 7,520 19,380 b. Corner Brook Furniture Co. Purchase Budget For the 1st Quarter of 2014 SCRAP IRON January February March Total Units of Production 6,220 5,640 7,520 19,380 Lbs / Unit 2 2 2 2 Lbs Needed for Production 12,440 11,280 15,040 38,760 Ending Inventory (25%) 2,820 3,760 4,000 4,000 Inventory Needed 15,260 15,040 19,040 42,760 Beginning Inventory (1,580) (2,820) (3,760) (1,580) Lbs to Purchase 13,680 12,220 15,280 41,180 Cost/ lb $ 3.00 $ 3.00 $ 3.00 $ 3.00 Purchase Cost ### ### ### ### BOOKSTAND BASES January February March Total Units of Production/Neede 6,220 5,640 7,520 19,380 Ending Inventory (25%) 1,410 1,880 2,000 2,000 Inventory Needed 7,630 7,520 9,520 21,380 Beginning Inventory (1,200) (1,410) (1,880) (1,200) Purchases 6,430 6,110 7,640 20,180 Cost/ Unit $ 2.50 $ 2.50 $ 2.50 $ 2.50 Purchase Cost ### ### ### ### IRON & BOOKSTAND BASES January February March Total Total DM Purchase Cost ### ### ### ### c. Corner Brook Furniture Co. Schedule of Cash Payments for Purchases
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For the 1st Quarter of 2014 January February March Total Total DM Purchase Cost ### ### ### ### ### ### ### ###
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  • Spring '16
  • Dennis
  • Payment, Corner Brook Furniture, Corner Brook Furniture Co

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